Edward Jones Reports Record Profit, Revenue

Edward Jones headquarters in Manchester | Courtesy of Edward Jones
Manchester-based Edward Jones reported record profit and net revenue in 2013. | Courtesy of Edward Jones

Edward Jones reported record profit of $674 million on record net revenue of $5.66 billion for the fiscal year 2013, according to its annual report filed with the Securities and Exchange Commission.

The St. Louis-based brokerage’s top and bottom lines benefited from an increase in its number of financial advisors and growth in assets under care. Edward Jones added 695 new advisors to push its total number to over 13,000. Assets under management grew by $118 billion, or 18 percent, to $787 billion.

Edward Jones also got a boost from market conditions, such as increases of 19 percent in the average S&P 500 Index and 16 percent in the average Dow Jones Industrial Average in 2013.

Read more from the St. Louis Business Journal


Tags:

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students